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The Cabinet of Ministers has prohibited the exports of anthracite, but increased the export quota of coking coal. According to the decree No. 1466 dated December 27, 2022, the export of coking coal is allowed in the volume of 600 thousand tons. The decree came into effect on January 1. In September 2022, the Cabinet…
DetailsCEO of Zaporizhstal Alexander Mironenko has left his office, remaining the operational director of Metinvest. According to the official information, Mironenko resigned on January 1. Mironenko has been Zaporizhstal CEO since November 26, 2019 till January 1, 2023. Roman Slobodyanyuk has been appointed acting CEO of Zaporizhstal. (Ukrainian metal)
DetailsSince the start of the Russian invasion, the Metinvest Group has channeled over 2.8 billion UAH to strengthen the country defence and support its employees and peaceful Ukrainians, including 1.5 billion UAH for the Army under the Steel Front Initiative of Rinat Akhmetov. “Metinvest makes everything possible to bring Ukraine’s victory closer. Our enterprises, as…
DetailsIn 2022, Tau-Ken Altyn refinery works situated in Astana exceeded its output target by 10%, having produced 55.6 tons of gold with the target being 50 tons. Since its launch the company has refined 249 tons of gold. The company produced gold with the purity of 99.99 in standard 12-kg ingots and granules. (Ukrainian metal)
DetailsThe general manager of Ukrainian Mining and Metallurgical Company Dmitriy Golikov has announced his intention to buy almost 100% of the company. In particular, he intends to purchase more than 22 million ordinary shares, or 99.999986% of the total amount. Golikov says he is acting on his own. (Ukrainian metal)
DetailsDue to the ban on uranium mining, a lawsuit was filed against Kyrgyzstan to international arbitration, the Ministry of Justice reported. The process of appointing the composition of the arbitration tribunal by the parties in the framework of arbitration proceedings with International Mining Company Invest Inc. is being completed at the International Center for Settlement of Investment Disputes in Washington (USA). A petition to initiate arbitration proceedings was registered in September. The company’s…
DetailsFollowing the second stage of a trade, Metinvest will buy back eurobonds with the maturity date of April 23, 2023 valued at $0.5 million at the 77% of their nominal price. Taking into account the first stage, when the price was 80%, the overall nominal price of the eurobonds to be bought would be $23.625…
DetailsSCM Group companies do their utmost to make Russia pay for its invasion and destroyed infrastructure. “I have never spent so much time on legal issues as now. All our system is working to make Russia pay in full for the war, destroyed plants and infrastructure,” SCM owner Rinat Akhmetov has said. According to him,…
DetailsAll Rinat Akhmetov’s enterprises are working for Ukraine’s victory. “Our main goal is victory. What are we doing to reach it? We have already provided the Armed Forces of Ukraine, our cities and the whole country with 4.1 billion UAH. Our businesses are working. We pay salary and retain jobs. Our enterprises work even not…
DetailsConverter shop of Kametstal has resumed operation after a forced shutdown due to the limitation of electricity supply following Russian terrorist attacks on Ukrainian energy infrastructure. The operation of converter No. 2 and continuous-casting machine No. 3 has been resumed. Machines of the oxygen-compressor shop also operate providing the steel smelting process with the necessary…
DetailsThe Antimonopoly Committee has fined Ukrstalsnab LLC and Ukrainian Pipe Works LLC for 103 million UAH for collision while participating in public purchases. The purchases of pipes were announced, among others, by various heating enterprises, as well as Avdiivka town council and Sumyhimprom. Ukrstalsnab must pay a fine of 94.89 million UAH and Ukrainian Pipe…
DetailsIn 2022, Metinvest enterprises started manufacturing 24 new product types, including with Zaporizhstal joint venture, which started making 8 products. In particular, in the bars segment the enterprises started producing 8 items, in hot-rolled coils and sheets 6 and in steel semi-finished products also 6. Cold-rolled metal and plates added 2 items each. Kametstal and…
DetailsIn October, Kazakhstan exported slightly over 2 million tons of coal valued at $54.9 million. In September, the results were almost 3 million tons for $99.6 million. European countries accounted for the drop. Thus, deliveries to Poland decreased from 173.9 thousand tons ($15.1 million) to 140.9 thousand tons ($13.3 million), to Romania – from 34.3…
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